Usually, this is about 30% of their gross monthly household income.Configuration - Two bedrooms, three-car garage, large back yard, single-story, two stories?

Those are household expenses not rental expenses.

What was the asset price of your parents home when they bought and what was their household salary?

Has to be in a rural area and there are maximum household income limits. 

They were a single income household as her husband worked a six-figure job while she stayed at home to care for their baby.Fast forward to a year later, and they are now going through a messy divorce.

1)Researched crime data, median household incomes, population growth, school rankings, etc. 2)Inspection of both units/verified the age of HVAC systems3)Appraisal 4)Obtained a signed copy of the current lease for the tenant that I’m inheriting 5)Obtained a copy of the cleared rent check, verifying the amount they’re paying6)Received an estoppel signed by the tenant and landlord, detailing the terms of the lease/rent amount7)Received State of Connecticut, Dept. of Consumer Protection Residential Property Condition Disclosure Report8)Verified property tax with the town9)Checked civil court/housing court records for any cases involving the current landlords/tenants and checked for any cases linked to the property address itself10)Obtained the water bill for better estimates of utility payments 11)Purchased insurance (HO-5) and added $1M liability coverage12)Had contractors come to the property to give renovation/repair estimates13)Researched current comparable rents in the area and received rental comps from the realtor14)Sat down and spoke with the current tenant to find out her plans going forward and learn about any complaints that she has about the property/current landlord 15)Addendum to P&S that seller cannot have the current tenant sign a new lease prior to closing; must remain month-to-month 16)Sat down and spoke to my former landlords (who I really respect and enjoyed renting from) and colleagues who are landlords to hear about their experiences 17)Went through all the forms that came with the Book on Managing Rental Properties and made them specific to my property and Connecticut (notice to vacate, rent increase, application, move-in checklist, late rent notice, employment verification, etc.)18)Met with a lawyer and had him review my lease, application and other forms19)Met with an accountant to discuss tax strategy 20)Created a profit/loss statement and spreadsheet for tracking expenses 21)Went to the local police department and received an in-house CAD report of all calls (emergency and routine) for the street and the specific address22)Met with the tenant’s Housing Choice Voucher caseworker 23)Received a copy of the “passed” HCV annual inspection 24)Submitted all paperwork to the Housing Authority 25)Scheduled contractors to begin work the day after closing26)Contacted the utility companies to transfer service into my name27)Set up a separate checking account for property income/expenses28)Set up a separate savings account for the security deposit 

Another good thing to check is the median household income for the census tract, this can help gauge the quality of your potential future tenants. 

Below is a quick example I did by using the Renters by Income Percentage data set and selecting the Houston MSA looking at the Gross Rent Percent of income less than 20% in 4 different Household Income Ranges.

However, drags on household finances including still elevated gas prices, and multi-decade highs in credit card interest rates may need to abate before consumer goods spending can reaccelerate and give retailers the confidence they need to resume distribution network expansions.Regardless, oncoming new supply is all but certain to push the national vacancy rate up during late 2023 and early 2024.

Common household cleaners don't work.